Crypto Space Over The Past Week From 23 To 29 Of April, 2018

At the end of the week, we resume everything that the crypto community talked about over the past seven days. This week cryptocurrency community mined the 17 million bitcoin block, the Russian government supported the cryptocurrency bill, and Vitalik Buterin said that some ICO never had a soul.

Bitcoin And Altcoins

This week, miners mined 17 million bitcoins, and the Lightning Network's scability increased to $ 150,000, while the total number of active nodes exceeded 2000 mark.

In a recent review of the Massachusetts Institute of Technology published an article entitled "Let's destroy bitcoin", which details how to "break" the cryptocurrency.

On May 15, Bitcoin Cash will implement hardfork, which will be the outcome of the meeting of seven developers in November 2017. The approaching fork of Bitcoin Cash will increase the block size to 32 MB.

On April 19, a transaction was made in the amount of 700,000 litecoins, or $ 106 million. The operation took only 2.5 minutes, and the transfer fee was $ 0.40.

The EOS network will be launched on June 2, and tokens from ethereum blockchain will be transferred to its own main network. Venture company OK Blockchain Capital, owned by OK Group, will provide $ 100 million as a free fund for special needs of EOS network projects, which it considers promising.

Ripple released a market report for the first quarter of 2018, according to which the total cost of XRP tokens sold during this period was $ 160 billion. $ 16.6 million was sold through XRP II, a licensed platform under managed of Ripple, and the remaining tokens by $ 151,1 million are sold "at the program level."

Implementing cryptocurrency Verge (XVG) into Pornhub, one of the world's largest pornographic sites, has become a new stage in the "life" of the coin.

Cryptocurrency Exchanges

Nasdaq will help the Winklewoss twins identify fraudsters on the Gemini Exchange using the SMARTS technical surveillance system, which many Wall Street companies use. According to the head of Nasdaq, Aden Fridman, the stock exchange will soon be able to create a cryptocurrency exchange.

Other Events

The head of Circle, Jeremy Alleyr, said that the size of the major transactions carried out up to the beginning of the year, and the company raised the from $ 250,000 to $ 500,000 on the OTC Trade Circle commerce platform.

Decentralized trading platform Hodl Hodl can entice the customers of the Localbitcoins service, which wants to implement the AML/KYC policy. The beta version of Hodl Hodl, which currently supports the trade in bitcoin and litecoin, was launched in February this year.

16,000 bitcoins, on April 26, were moved to another address from Mt.Gox. Currently Mt. Gox still contains 146 106 bitcoins.

AMD reported in the first quarter of 2018 the share attributable to the hardware for mining cryptocurrency brought record profits and reached 10% of total revenues of the company, and Cisco network technology giant received a patent that can be used in the process of Bitcoin Mining.

The Russian government supported the bill on cryptocurrency, but proposes to add to it more detailed explanation of concepts such as "Mining", "token" and "cryptocurrency" and offers authors the initiative to identify the document changes in accounting and tax law. In turn, the chairman of the Sberbank of Russia German Gref said that the cryptocurrency and blockchain are hype, but so far immature.

Blockchain

Parity Technologies has issued a statement saying that it no longer has plans to separate from the ethereum blockchain as a result of a code change called EIP-999, which supposed to restore $ 264 million lost due to a mistake in Parity wallets in November last of the year.

The startup Orchid Labs, which is an alternative to Tor and VPN, has already raised $ 36.1 million from the planned $ 125.59 million on SAFT, and the creators of MobileCoin announced that Binance Labs will lead the round of financing this startup by investing in it $ 30 million.

Dubai's largest bank, Emirates NBD, announced the launch of Cheque Chain, a blockchain-based system designed to raise security standards in the banking sector of the country, and IBM announced its intention to create a blockchain platform for monitoring the value chain in conjunction with the leaders of the jewelry industry. Amazon Web Services (AWS) also presented its solution on the blockchain. It is called AWS Blockchain Templates and will allow users to create and launch their own "instant" blockchain.

Law

On Tuesday, April 24, the MyEtherWallet DNS servers were intercepted and redirected users to a phishing site, resulting in those losing $ 150,000.

The head of the Binance Exchange, Zhao Changpeng, acted as a defendant in the high court of Hong Kong on the suit of the venture capital company Sequoia Capital, which "grew" from the protracted discussion of Sequoia's investment in Binance. Also, a claim for speculation on the "true bitcoin" is being prepared against Roger Ver, one of the main supporters of Bitcoin Cash.

The Icelander, suspected of stealing 600 miners and escaping from prison arrested on April 21 in Amsterdam, and the Tianjin city police in north-eastern China confiscated 600 computers used for mining bitcoins.

Opinions

In a recent interview, the creator of the ethereum Vitalik Buterin shared his opinion on the ICO and said that "some projects never had a soul".

The head and founder of the hedge fund Pantera Capital, Dan Morehead, believes that the real aggregate cryptocurrency market capitalization order one or two above its current level, and venture investor Tim Draper said that bitcoin "its value surpasses the Internet" and a number of other important technological innovations in history humanity.

Another opinion about bitcoin has the former CEO of the PayPal payment system Bill Harris, who considers it "the greatest fraud in the history of mankind." In response, the cryptocurrency journalist Kyle Torpy wrote a column for Forbes, in which he denied his opinion.